Chapter 04 · Section 4.1

Dealer vs. Broker

In which system are the functions of Dealer and Broker totally separate?

a) In the commodity/futures system (as used on CME).
b) In the Specialist System (as used on PHLX, AMEX).
• c) In the Competing Market Maker System (as used on CBOE, EOE).
  Yes. The OBO himself does not trade. Floor brokers and market makers may only assume one function on the same day. Continue

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